Wells Fargo Breaks Record – Dealbreaker

Wells Fargo is not done paying through the nose for being Wells Fargo. This is obvious to everyone. As long as it continues to exist, it will continue to do things wrong, get caught and get sued/fined for it, because that’s just how things work, Sherrod Brown’s threats notwithstanding.

Surely, though, after the six years that Wells Fargo has had, it has already cut the largest check for those things? I mean, it’s paid out like $7 billion or something. Surely, that $3 billion deal with the Justice Department and Securities and Exchange Commission for its O.G. scandal—the fake accounts one—must remain the record-holder. To which Consumer Financial Protection Bureau Director Rohit Chopra replies, “I guess you haven’t met me.”

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